Free to read Published

Download ebook

Download ePub book

You need an eReader or compatible software to experience the benefits of the ePub3 file format.

Download Kindle book

Download direct to your Kindle device for instant, off-line reading

Quantitative finance is a field that has risen to prominence over the last few decades. It encompasses the complex models and calculations that value financial contracts, particularly those which reference events in the future, and apply probabilities to these events. While adding greatly to the flexibility of the market available to corporations and investors, it has also been blamed for worsening the impact of financial crises. But what exactly does quantitative finance encompass, and where did these ideas and models originate? We show that the mathematics behind finance and behind games of chance have tracked each other closely over the centuries and that many well-known physicists and mathematicians have contributed to the field.

Copyright © IOP Publishing Ltd 2017
Online ISBN: 978-0-7503-1368-1